“Real
Estate Service Times...Two”
Finding Bargains in a
Weak Market
A weak market
offers a buyer the chance to find the right home at an attractive price. While
the availability of homes for sale - and the lack of buying competition -
should make the effort easier for any buyer, there are a few things to consider
to realize the maximum benefit.
-
Look
in upscale communities that were previously out of your price range - you
might be able to find something now.
-
Consider
how long a property has been on the market when formulating your offer.
-
Get a
mortgage pre-approval before shopping. Sellers in a weak market may take
a bit less from a solid buyer.
-
Look
for corporate-owned homes - properties that were bought from transferees
by their companies and are being resold. These houses are generally priced
to move, and in a weak market they may be very negotiable.
A home is
a major investment, and buying during a weak market greatly increases the
chance that it will be a good one.
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